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youth unemployment in spain is 55%. there is not a good reason to own spanish bonds here. [ overlapping speakers ] >> last time we were on together you were saying the world was going to end because greece was going to default and leave the euro. it's all over. europe's fine. just give it a break. that was last year's story. [ overlapping speakers ] >> europe is not fine. spain is in significantly worse position. they've taken on more debt into deteriorating economy. you tell me how that translates to this has all been fixed and this is all solved. it's not solved at all. [ overlapping speakers ] >> spain has about the same debt to gdp ratio as germany. that good enough for you? >> [ overlapping speakers ] >> hang on, fellows. let's not get hung up on spain. what i want to come back to is the usa. because our market has not collapsed, it's really different than it looks like it was back in 2011. i just want to ask, is it better to own those low-rate bonds right now? or jim la camp, i want you both to weigh in quickly. i
youth unemployment in spain is 55%. there is not a good reason to own spanish bonds here. [ overlapping speakers ] >> last time we were on together you were saying the world was going to end because greece was going to default and leave the euro. it's all over. europe's fine. just give it a break. that was last year's story. [ overlapping speakers ] >> europe is not fine. spain is in significantly worse position. they've taken on more debt into deteriorating economy. you tell me how...
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Dec 29, 2012
12/12
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look at what is going on in spain. millions of people taking to the streets. they still call it a recession with 25 percent unemployment in spain, greece. things are getting worse everywhere. the austerity measures, what austerity measures? i got one. make a story. i'll make a bad bet. i don't want to take my losses. of take the money from you, mr. citizen. of tax you more, cat your services. what you do did you will pay more for my note that your pension and benefits. tom: how does all this in? we wind up with pitchforks? >> it's happening now. they don't call it class warfare. that is what is going on over there. again, there is no air spring. there's nothing about a pro-democracy movement. far too few had much too much and way too many head was too little. the people in the street that one piece of the pipe command it's going on around the world. and for some reason people are oblivious to it. look in this country, college graduates, the income is declining eight or 10% since the recession. you can't find a job. 3 percent of them have jobs paying high-schoo
look at what is going on in spain. millions of people taking to the streets. they still call it a recession with 25 percent unemployment in spain, greece. things are getting worse everywhere. the austerity measures, what austerity measures? i got one. make a story. i'll make a bad bet. i don't want to take my losses. of take the money from you, mr. citizen. of tax you more, cat your services. what you do did you will pay more for my note that your pension and benefits. tom: how does all this...
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scrubs against austerity is medical workers in spain stage a protest rally over the government's move to privatized the health care sector all the details after this break stay with us. to be soo much brighter if you move. from place to mention these. stunts on t.v. don't come. on the edge of human capabilities. struggling with pace. to become. a force. in the. secret. to build the world's most sophisticated. mission to teach music. today. the film these are the images. from the streets of canada. today. wealthy british style. that's not on the. market so why not. find out what's really happening to the global economy with mike structure no holds barred look at the global financial headlines tune into kinds a report. thanks for staying with us here on our team twelve minutes past the hour now. thousands of medical workers in madrid have marched against plans to privatized hospitals the government insists as part of the austerity measures necessary to pick the country up from its deep recession investment advisor patrick young though says the government's years of failed policies left
scrubs against austerity is medical workers in spain stage a protest rally over the government's move to privatized the health care sector all the details after this break stay with us. to be soo much brighter if you move. from place to mention these. stunts on t.v. don't come. on the edge of human capabilities. struggling with pace. to become. a force. in the. secret. to build the world's most sophisticated. mission to teach music. today. the film these are the images. from the streets of...
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looking beyond spain a deeper union has just been agreed on by brussels patrick now this determination see those predicting the euro collapsing being proved wrong people like you the union seems to be determined to carry on and it seems to be succeeding well. absolutely the biggest shock of the whole year has on di diddley been the fact that the euro is held together now let me tell you something that my rumanian i t experts have been telling me about recently apparently the buzz vogue free is that the moment in the world of computers is to refer to something doing alonso armstrong what it means is you're looking at the computer the program seems to be functioning properly but at the same point in time you know there's something underneath the surface that's going to cause you a huge problem in the near future and that's what's happening with the european union the european union is putting on a brave face it's throwing money around the place it's trying all manner of things to hold together a cracking and creaking facade and ultimately you know they might just manage to carry it off b
looking beyond spain a deeper union has just been agreed on by brussels patrick now this determination see those predicting the euro collapsing being proved wrong people like you the union seems to be determined to carry on and it seems to be succeeding well. absolutely the biggest shock of the whole year has on di diddley been the fact that the euro is held together now let me tell you something that my rumanian i t experts have been telling me about recently apparently the buzz vogue free is...
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government infrastructure it has to be privatized sold off there have to be savage cuts because truly spain has spent the last decade living on the never never it was built on the back of a huge property bubble the bubble was unsustainable nobody managed to manage start and unfortunately while we can obviously say it's a tragedy for the poor independent health care professionals there's just no way to manage to find the money to aid them in modern spain here is a government that has effectively and an overall majority they can do absolutely anything they want and they seem to be absolutely determined to do more or less nothing and it's really a tragedy because they're not helping the spanish economy and they're not helping the people either. so some u.s. officials accused of human rights violations are on the verge of being blacklisted by russia while also having their financial assets frozen in the country move designed to counter washington so-called magnitsky law which levels similar sanctions on a number of russians artie's tom barton explains. barack obama has signed into law the u.s.
government infrastructure it has to be privatized sold off there have to be savage cuts because truly spain has spent the last decade living on the never never it was built on the back of a huge property bubble the bubble was unsustainable nobody managed to manage start and unfortunately while we can obviously say it's a tragedy for the poor independent health care professionals there's just no way to manage to find the money to aid them in modern spain here is a government that has effectively...
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and still to come scrubs against austerity as medical workers in spain stage a protest rally over the government's move to privatized the health care sector plus the united kingdom seems to be turning into an island of tax avoidance where giant companies get out of paying their fair share while people barely making ends meet are getting hit harder and more after the break. we speak to language. programs and documentaries in arabic it's all here on. reporting from the world talks about six of the interviews intriguing stories for you. in trying. to find out more visit. you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else and you hear or see some other part of it and realized everything you thought . i'm tom harpur welcome to the big picture. courageous and creative. elegance and full and public speaking. a few european bodybuilders against millions of weak immigrants. this may not seem so serious now. but this could be a real threat to. european extremists. and the. world to the true science technology innovation all the lat
and still to come scrubs against austerity as medical workers in spain stage a protest rally over the government's move to privatized the health care sector plus the united kingdom seems to be turning into an island of tax avoidance where giant companies get out of paying their fair share while people barely making ends meet are getting hit harder and more after the break. we speak to language. programs and documentaries in arabic it's all here on. reporting from the world talks about six of...
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where half of all young people are unemployed spain has a debt of one hundred forty five billion euros but is trying to avoid following week eurozone members down the path of balance. all of the names of the victims of the u.s. elementary school massacre in connecticut have been released twenty children gunned down in a shooting spree were aged between six and seven in the attack i did. as twenty year old adam lanza shot dead his mother at their home before going on to kill at the school eventually turn the rifle on himself a memorial service for the victims has been held while flags flew with a half mast in washington. for it are still to come after a very short break here what are we brace the cold weather and travel to the north of russia the port city of much scott. courageous and creative. elegance and full and most public speaking. sound coming from. a few european bodybuilders against millions of which immigrants. her. kids may not seem so serious now. but this could be a real threat to all. european extremists. on. the. line motion to be soon which brightened the feni moon abou
where half of all young people are unemployed spain has a debt of one hundred forty five billion euros but is trying to avoid following week eurozone members down the path of balance. all of the names of the victims of the u.s. elementary school massacre in connecticut have been released twenty children gunned down in a shooting spree were aged between six and seven in the attack i did. as twenty year old adam lanza shot dead his mother at their home before going on to kill at the school...
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where half of young people remain unemployed spain is a debt of one hundred forty five billion euros but is trying to avoid following we eurozone members on the bailout. general of parliamentary voting in japan finally over the former leader shinzo party securing a majority in the lower house after three years in the opposition however pre-election surveys have shown that many people remain undecided on the eve of the election concerns have been raised over the conservative party's comeback fears of the leaders close ties with china amid ongoing territorial tensions. at least one policeman and five militants have been killed in a shootout in pakistan a gun battle ensued as a thorough he's surrounded a house containing insurgents believed to have been involved in an earlier attack that saw men armed with rockets and suicide vests trying to penetrate a military facility at an international airport on saturday four civilians were killed and more than forty injured in that raid five attackers also died but. all the names of the victims of the u.s. elementary school massacre in connecticu
where half of young people remain unemployed spain is a debt of one hundred forty five billion euros but is trying to avoid following we eurozone members on the bailout. general of parliamentary voting in japan finally over the former leader shinzo party securing a majority in the lower house after three years in the opposition however pre-election surveys have shown that many people remain undecided on the eve of the election concerns have been raised over the conservative party's comeback...
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loutish government infrastructure it has to be privatized there have to be stoppage cuts because truly spain has spent the last decade living on the never never it was built on the back of a huge property bubble the bubble was unsustainable nobody managed to manage stop unfortunately while we can obviously say it's a tragedy for the poor independent health care professionals there's just no way to manage to find the money to aid them in modern spain here is a government that has effectively in an overall majority they can do absolutely anything they want and they seem to be absolutely determined to do more or less nothing and it's really a tragedy because they're not helping the spanish economy under not helping the people either. remember artie's web team is working twenty four seven to provide you with the best stories in video online here's a quick glimpse of what's a click away right now what's in a name well just more than sixty five forty five thousand dollars it seems because that's what one u.s. man's earned after selling someone the right to give him a new surname find out his motiv
loutish government infrastructure it has to be privatized there have to be stoppage cuts because truly spain has spent the last decade living on the never never it was built on the back of a huge property bubble the bubble was unsustainable nobody managed to manage stop unfortunately while we can obviously say it's a tragedy for the poor independent health care professionals there's just no way to manage to find the money to aid them in modern spain here is a government that has effectively in...
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Dec 19, 2012
12/12
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if italy and spain have their own central bank, if italy and spain are borrowing in their own currency and the ecb is lender of last resort, those bonds look very attractive. if they're emerging market countries which borrowing in someonels's occurrenci which is real default risk -- someone else's currency which is real default risk, in terms of assurances it will be the back stop. but huge execution risk in terms of what the ecb will do next year. and more broadly in terms of longer term outlook, fiscal and banking union. >> especially because that success on dragy's front seems to have taken away support. andrew balls, head of portfolio management at pimco. thank you very much. >>> the wet summer in the u.k. could ruffle consumer feathers this festive season. turkey prices in britain up about 4% on the year. while vegetables will also have you dig deeper in your pockets. brussels sprout prices have shot up by a quarter. potatoes are roasting 43% more expensive. and speaking of christmas dinner, i did go down to the st. paul's branch of latali ' de chefs to find out there b expansion
if italy and spain have their own central bank, if italy and spain are borrowing in their own currency and the ecb is lender of last resort, those bonds look very attractive. if they're emerging market countries which borrowing in someonels's occurrenci which is real default risk -- someone else's currency which is real default risk, in terms of assurances it will be the back stop. but huge execution risk in terms of what the ecb will do next year. and more broadly in terms of longer term...
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Dec 31, 2012
12/12
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markets in europe mixed after a shortened session in the uk, france and spain. our road map starts right where we were months ago, waiting for the 112th congress to agree on a debt reduction package. the senate convenes at 11:00 a.m. >> the dow had its worst day in a month on friday. set to close december with a loss. the question is, does it continue to sell off if there isn't an accord in congress. >> we will always have china. manufacturing pmi data from last night is the best in 21 months. can we finally say the chinese economy has been stabilized. >> but of course, we start in washington. as you know, congress comes back today. the house gaveling into session now with legislative business starting at 10:00 a.m. the senate returns at 11:00 a.m. eastern. there are only a few hours left to get a deal done. eamon? >> you're already hearing people talk the way they talk on new year's day. a lot of people wish they could go back in time and do things differently. that's the way people are talking in washington about this fiscal cliff. feeling as if this thing sud
markets in europe mixed after a shortened session in the uk, france and spain. our road map starts right where we were months ago, waiting for the 112th congress to agree on a debt reduction package. the senate convenes at 11:00 a.m. >> the dow had its worst day in a month on friday. set to close december with a loss. the question is, does it continue to sell off if there isn't an accord in congress. >> we will always have china. manufacturing pmi data from last night is the best in...
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Dec 13, 2012
12/12
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spain, this will be a good proxy for now. we'll get the ten year for italy in just a second. 35.34% is the level there. u.s. benefiting from fund flows well. choppy trade across the picture here. let's look at the italian curve before we get the results later today. we are seeing green across the board, so yields dipping before that probably has more to do with the political rhetoric we're seeing especially coming from berlusconi. under 4.6% for the ten-year and on the short and two, a bit of a rally. finally, let's close taking a look at the forex. euro/dollar is weaker. and it's holding just above 1.30. and the dollar/yen, this is the one sixuan mentioned to watch. heading into japanese elections, stocks outperform adding oots .1% to 83.35 this morning. >>> south korea's central bank may be worried about factors in the economy, but the dok says the economy is stronger than it used to be. more on that next. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way t
spain, this will be a good proxy for now. we'll get the ten year for italy in just a second. 35.34% is the level there. u.s. benefiting from fund flows well. choppy trade across the picture here. let's look at the italian curve before we get the results later today. we are seeing green across the board, so yields dipping before that probably has more to do with the political rhetoric we're seeing especially coming from berlusconi. under 4.6% for the ten-year and on the short and two, a bit of a...
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Dec 10, 2012
12/12
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take on a little bit more risk and spread to some of the other european sovereign-debt nations like spain or greece, then you are probably going to see that safety play back off a little bit. > there are always places to park money. good to have you on the show this morning. have a great trading day. > > you too. if you're not yet fully awake this monday, here's one thing to open your eyes: after years of higher and higher coffee prices to consumers, brazil, which produces a third of the world's coffee, may turn prices around. a record crop there last year is being followed by another bumper crop. our cover story takes a look at what it means for coffee futures and retailers. brazil is expecting a record coffee crop again, just one year after its biggest harvest ever. "that would be a fabulous production." jack scoville, a commodities broker in chicago, says the bumper crop is the direct result of more coffee farms planted in brazil when a series of small crops drove prices high a couple of years ago. "it's because new trees and new areas are coming on." falling futures aren't great for i
take on a little bit more risk and spread to some of the other european sovereign-debt nations like spain or greece, then you are probably going to see that safety play back off a little bit. > there are always places to park money. good to have you on the show this morning. have a great trading day. > > you too. if you're not yet fully awake this monday, here's one thing to open your eyes: after years of higher and higher coffee prices to consumers, brazil, which produces a third of...
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Dec 1, 2012
12/12
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it was reported while caesar was in spain, the election of consuls was approaching. applied to the senate for permission to stand a candidate, but they reject the request and prevented his success gaining time with which he spun the debate until it was too late to conclude on anything that day. it's only been around 2064 years. don't believe the left when they say it was created in 1865. byrd would say otherwise. another speaker, norm, glad he's two seats away from me as i quote him, from 2005, said some things about republicans attempt to use nuclear options, options that i agree with. now, let me imp size this is a radical step it's taken. this will require breaking the rules, steam rolling the parliamentarian, and i've been disappointed in the reporting on the issue which tends to ice a kind of gloss and shorthand over matters making it appear as we are appearing to do it with a majority, just not elected to do it before. that's not the case. it's clear in the rules if you challenge a rule on constitutional grounds, that challenge is debatable, and the debate, its
it was reported while caesar was in spain, the election of consuls was approaching. applied to the senate for permission to stand a candidate, but they reject the request and prevented his success gaining time with which he spun the debate until it was too late to conclude on anything that day. it's only been around 2064 years. don't believe the left when they say it was created in 1865. byrd would say otherwise. another speaker, norm, glad he's two seats away from me as i quote him, from 2005,...
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Dec 31, 2012
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when you look at how much we are spending we are similar to spain and greece. it is not a pretty scenario. >> tell me this what happens when we judge up against it? >> everybody starts wondering when we are going to raise the debt ceiling. there's a debate because they don't like to. then you have all of wall street looking at this wondering if we will be able to pay our bills. you remember what happened last time around the market sold off 2,000 points over the 2 month period. it was dramatic and hurt people's 401 k's. if you can't pay your bills you get a downgrade. >> again. >> it's not going to be good news. you know what happens you can't borrow as much money. >> that's what happens to me. >> it costs you more to borrow. all of us coming together it will be -- it could be we would be watching none of this would come to a surprise fell off the market every single day. they know what's happening. they know what's going on. it's not a surprise but nobody likes to see it. >> when they raise the debt ceiling is that to pay off debt already accrued. >> the money
when you look at how much we are spending we are similar to spain and greece. it is not a pretty scenario. >> tell me this what happens when we judge up against it? >> everybody starts wondering when we are going to raise the debt ceiling. there's a debate because they don't like to. then you have all of wall street looking at this wondering if we will be able to pay our bills. you remember what happened last time around the market sold off 2,000 points over the 2 month period. it...
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Dec 24, 2012
12/12
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they eentrecently redid their s made over in spain which is one of the nominees to the new 7 wonders of the world. look forward to going. they are supposed to have luxurious treatments. supposed to be awesome boca is a great place to go and chill out for a while. >> and warm after the holidays. >> if you want a cozy cold get away. >> i like to stay in the northeast. i am going to montrembl trem plant. it's 25 minutes from montreal. you can take your snowmobile straight to your hotel. supposed to have world class skiing and other types of winter activities. if you don't like skiing you can sit in the hot tub and have hot chocolate. >> curl up with a blanket. if you want to pull out your passport what do you recommend? >> i am a huge fan of duck america. they hosted a cowl nature retown which is one of the best places to eat. they have the best meat in the world trust me on that one. wine in world class vineyards and tours by ducasso travel. they will take you and show you the ins and outs. >> if you want adventure, you want spice in your life where would you go? >> i love going to cos
they eentrecently redid their s made over in spain which is one of the nominees to the new 7 wonders of the world. look forward to going. they are supposed to have luxurious treatments. supposed to be awesome boca is a great place to go and chill out for a while. >> and warm after the holidays. >> if you want a cozy cold get away. >> i like to stay in the northeast. i am going to montrembl trem plant. it's 25 minutes from montreal. you can take your snowmobile straight to your...
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independent health care professionals there's just no way to manage to find the money to aid them in modern spain here is a government that has effectively and an overall majority they can do absolutely anything they want and they seem to be absolutely determined to do more or less nothing and it's really a tragedy because they're not helping the spanish economy and they're not helping the people either. remember our web team is working around the clock to provide you with the best stories pictures online here's a quick limps of what's a click away right now what's in a name well the more than forty five grand could be one man merican man has earned that much money after selling someone the right to give him a new surname find out more at r.t. dot com. babysitting no easy job bawling twins drive their father to despair as he calls police to help silence the little tykes the full story on our web site. activists in bahrain say police used tear gas on hundreds of anti-government demonstrators as rallies flared up following the king's annual national day address the opposition threatens more protest
independent health care professionals there's just no way to manage to find the money to aid them in modern spain here is a government that has effectively and an overall majority they can do absolutely anything they want and they seem to be absolutely determined to do more or less nothing and it's really a tragedy because they're not helping the spanish economy and they're not helping the people either. remember our web team is working around the clock to provide you with the best stories...
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Dec 31, 2012
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announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> secretary of state hillary clinton remains hospitalized this evening at new york presbyterian hospital. state department spokesperson phillip ray na said that doctors found that clot sunday during a follow-up exam. secretary clinton had fainted and fallen earlier this month as a result of severe dehydration from a stomach flu. she is being treated with anti-co-ing a lantz to resolve the clot which was found in her head. with us to discuss the case, nbc news chief science and health correspondent bob bazell. good to see you, bob. when we talked last night, what you said was we were missing a c
announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before...
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Dec 23, 2012
12/12
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CNNW
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the jobless rate in spain, don, this year topped 25%, so many people are still struggling. that being said, though, spirits will -- were lifted, and many people had a reason to line their pockets. the lottery, it's the largest lottery in spain, and it's literally translates to the big fat one, elgordo, and spain paid out $2.2 billion to thousands of winners, and you have young children who read out the numbers, which we saw on the video before, and it's really - read out the numbers and it lifts a lot of spirits especially in a time where they have been hit with economic hardship. >> maybe that would help. >> winning the lottery. >> i watched "miracle on 34th street" except i don't like the colorized version. i like the black and white. bah humbug. don scrooge. sorry. maybe when dsanta comes i'll fel better. >>> a year ago he blew out a knee and his career was in jeopardy. now he's chasing an nfl record and one of the year's most inspiring comebacks. a sports story you have to hear about next. and then treats day after day... block the acid with prilosec otc and don't get h
the jobless rate in spain, don, this year topped 25%, so many people are still struggling. that being said, though, spirits will -- were lifted, and many people had a reason to line their pockets. the lottery, it's the largest lottery in spain, and it's literally translates to the big fat one, elgordo, and spain paid out $2.2 billion to thousands of winners, and you have young children who read out the numbers, which we saw on the video before, and it's really - read out the numbers and it...
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Dec 30, 2012
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and it is a day marking the innocence, spain's equivalence of april fool's. it is this fox trip around the world in 80 seconds. >>> a french constitutional panel is saying goodbye to that country's staggering 75% tax rate on the wealthy. the panel has ruled the tax is unconstitutional and unfair. let me say it again. 75% on the wealthy. it was set to kick in at the start of 2013 and will hit anyone hitting a million euros. critics didn't like it. they said it would drive away france's wealthy population. joining me now on the phone from paris is katherine fields. she is a correspondent for global radio news. katherine, why was this tax overturned? >> it was overturned because the court said it failed to rec recognize equality before public burden. what this means is it has been applied to individuals rather than households. the court knows this top rate would have applied to a married couple, for example, if one member was in that upper income bracket. well, if it turned just under, then the 75% rate would not apply. in essence, this was thrown out on a techn
and it is a day marking the innocence, spain's equivalence of april fool's. it is this fox trip around the world in 80 seconds. >>> a french constitutional panel is saying goodbye to that country's staggering 75% tax rate on the wealthy. the panel has ruled the tax is unconstitutional and unfair. let me say it again. 75% on the wealthy. it was set to kick in at the start of 2013 and will hit anyone hitting a million euros. critics didn't like it. they said it would drive away france's...
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spain and ireland do not know yet whether they're going to be able to sort of turn back the current crisis so i should say that europe is not feeling so well right now john another thing that isn't feeling very well do you think the two thousand film was another bush foreign policy year. you know that's true in some respects but that sometimes can be overstated i mean. a good example is for example what's happening right as we speak which is this this controversy over chuck hagel the presumptive nominee for obama secretary of defense i mean this is a guy who's been who was a vocal opponent of the iraq war he criticizes sanctions and isolation when it comes to iran he's weary of foreign entanglements he has opposed the obama administration's eva asia pivot were the military surge of throughout asia to contain china all of these things and he's he's been hit with a lot of criticism but it's interesting to know that a guy like that could possibly sit in the seat that was previously occupied by panetta and rumsfeld so there is some change in the obama straight and has even though it isn't it i
spain and ireland do not know yet whether they're going to be able to sort of turn back the current crisis so i should say that europe is not feeling so well right now john another thing that isn't feeling very well do you think the two thousand film was another bush foreign policy year. you know that's true in some respects but that sometimes can be overstated i mean. a good example is for example what's happening right as we speak which is this this controversy over chuck hagel the...
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independent healthcare professionals there's just no way to manage to find the money to aid them in modern spain here is a government that has effectively in an overall majority they can do absolutely anything they want and they seem to be absolutely determined to do more or less nothing and it's really a tragedy because they're not helping the spanish economy and they're not helping the people either and remember our web team is working around the clock to provide you with the best stories and video online here's a clip a quick glimpse of what's a click away what's in a name well it could be more than forty five thousand dollars because that's what one american man earned after selling someone the right to give him a new surname find out his motivation at r.t. dot com plus some time babysitting was not an easy job bawling twins drive their father to distraction as he calls police for help and silencing the little tykes the whole story online. britain losing out on billions of pounds in taxes as some corporate giants wedo their way out of paying their fair share it's angering the british public
independent healthcare professionals there's just no way to manage to find the money to aid them in modern spain here is a government that has effectively in an overall majority they can do absolutely anything they want and they seem to be absolutely determined to do more or less nothing and it's really a tragedy because they're not helping the spanish economy and they're not helping the people either and remember our web team is working around the clock to provide you with the best stories and...
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Dec 30, 2012
12/12
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and it is a day marking the innocence, spain's equivalence of april fool's. it is this fox trip around the world in 80 seconds. >>> a french constitutional panel is saying goodbye to that country's staggering 75% tax rate on the wealthy. the panel has ruled the tax is unconstitutional and unfair. let me say it again. 75% on the wealthy. it was set to kick in at the start of 2013 and will hit anyone hitting a million euros. critics didn't like it. they said it would drive away france's wealthy population. joining me now on the phone from paris is katherine fields. she is a correspondent for global radio news. katherine, why was this tax overturned? >> it was overturned because the court said it failed to rec recognize equality before public burden. what this means is it has been applied to individuals rather than households. the court knows this top rate would have applied to a married couple, for example, if one member was in that upper income bracket. well, if it turned just under, then the 75% rate would not apply. in essence, this was thrown out on a techn
and it is a day marking the innocence, spain's equivalence of april fool's. it is this fox trip around the world in 80 seconds. >>> a french constitutional panel is saying goodbye to that country's staggering 75% tax rate on the wealthy. the panel has ruled the tax is unconstitutional and unfair. let me say it again. 75% on the wealthy. it was set to kick in at the start of 2013 and will hit anyone hitting a million euros. critics didn't like it. they said it would drive away france's...
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ordinary people and not just with the people who demonstrate the youth unemployment figures in greece and spain and other countries are truly horrifying and in the name of the european ideology europe is not being put through some of the most difficult economic times it seems is the ninety. seems so whichever way you look at the nonsensical judgment it's an absolute. story cohorts of acacia discredits the nobel prize and so. what onery people endure life in the direct it seems that some corporate giants will stop at nothing to get out of paying their shame tax evasion and avoidance costs the debt stricken blow one point three trillion dollars a year a figure that's no longer being tolerated as our first reports. of. people from all of that tend not to point to the scandals with companies like starbucks and airplane google at the moment it's really part of a much larger picture welcome to the world of tax avoidance illegal but morally suspect way the companies and the wealthy have been dodging paying their fair share most people are due to discuss these companies do not the v.a. taxation which i
ordinary people and not just with the people who demonstrate the youth unemployment figures in greece and spain and other countries are truly horrifying and in the name of the european ideology europe is not being put through some of the most difficult economic times it seems is the ninety. seems so whichever way you look at the nonsensical judgment it's an absolute. story cohorts of acacia discredits the nobel prize and so. what onery people endure life in the direct it seems that some...
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Dec 28, 2012
12/12
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CNBC
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. >> what's your view on spain? the country managed to avoid bailout so far, but will not meet its deficit target for the full year. do you think spain should be given more time? >> well, first of all, i think that, again, spain is going in the right direction. when you look at the current account, the deficit, you see that it had been diminished massively since the peak that they had in 2008, 2009. and, you know, as a very short summing up, it's been divided by more than five, though it's very, very encouraging. on the other hand, you have unit labor costs which have been diminishing quite a lot and the exports of spain are very dynamic today. so it also demonstrates that hard work is being done. it's difficult. it's tough, but going in the right direction. i trust that the global observers are observing progressively and the adjustment is proceed. in spain and in all the countries that are under adjustment. >> now, lonmin's ceo ian farmer is stepping down while being treated for a serious illness after being first
. >> what's your view on spain? the country managed to avoid bailout so far, but will not meet its deficit target for the full year. do you think spain should be given more time? >> well, first of all, i think that, again, spain is going in the right direction. when you look at the current account, the deficit, you see that it had been diminished massively since the peak that they had in 2008, 2009. and, you know, as a very short summing up, it's been divided by more than five,...
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Dec 5, 2012
12/12
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CNBC
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so spain trying to get ahead of game. big issuance and redemptions next year. >>> in india, we're expecting a big battered parliament for retail reforms. the latest from new delhi. what kind of battle is it going to be? >> it's going to be a tough battle for the government here as it tries to push forward. currently we've got a heated discussion in the lower house of parliament. this matter will have to be discussed, debated and voted on in both houses of parliament. as for india's foreign exchange management rules, this will need to be cleared by both houses of parliament before it becomes the law of the land. as of now, all our political sources seem to indicate that the government is safe when it comes to the numbers in the lower house of parliament, but it's looking uncertain and shaky when it comes to the register but for the upper house of parliament. most political parties who are in opposition have stridently opposed retail saying it will kill the small retailer in india, it's going to be aunt consum -- anti-consu
so spain trying to get ahead of game. big issuance and redemptions next year. >>> in india, we're expecting a big battered parliament for retail reforms. the latest from new delhi. what kind of battle is it going to be? >> it's going to be a tough battle for the government here as it tries to push forward. currently we've got a heated discussion in the lower house of parliament. this matter will have to be discussed, debated and voted on in both houses of parliament. as for...
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Dec 31, 2012
12/12
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CNNW
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impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> good morning. 18 minutes past the hour. welcome back to "starting point." unless congress gets its act together soon, america faces a fall off the fiscal cliff. cnn has just learned democrats are now willing to compromise on the tax threshold. they're now willing to raise taxes on incomes over $450,000 instead of $250,000. while the two sides have called in their so-called closers to work behind the scenes -- vice president biden and senate minority leader mitch mcconnell -- they're not offering much hope for an 11th hour fix. let's bring in chris, our reporter from the national journal, working the story on capitol hill all n
impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> good morning. 18 minutes...
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Dec 31, 2012
12/12
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FBC
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coming from italy and spain. are you concerned at all that it will dig into your maagins? >> i am not. has been around for a long time. % go, you know, it is a lower effervescent sparkling, and it's from italy. i just don't think it's tapping into our market all. i say that because we are up to tremendous this year. cheryl: well said. breaking news coming out of washington. great to have you on the show. happy new year. i want to bring in diane, as we do every 15 minutes. we are getting some news coming out of washington. the dow jones jumping right now. up 70 points right now. >> reporter: that's right. session highs. the dow up 73, nasdaq about 35, the s&p up almost 12 points after seeing it fairly flat, searching for direction all morning. keep in mind, five straight losing sessions for the dow, trying to stave off that losing streak here on hopes of of this bill cliff still coming through, also taking a look at pfizer and bristol-myers today, the fda approving a cholesterol fighting drug from both companies. those are both up. bristol-myers up one and a half%. pfizer u
coming from italy and spain. are you concerned at all that it will dig into your maagins? >> i am not. has been around for a long time. % go, you know, it is a lower effervescent sparkling, and it's from italy. i just don't think it's tapping into our market all. i say that because we are up to tremendous this year. cheryl: well said. breaking news coming out of washington. great to have you on the show. happy new year. i want to bring in diane, as we do every 15 minutes. we are getting...
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Dec 9, 2012
12/12
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CNNW
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than in the euro zone, for instance, debt, higher than many countries in the euro zone including spain, germany, france. yet, the united states of america is able to borrow at the lowest rate in pretty much it's recorded history. so you have a very, very diverse landscape at the moment, but certainly would that could be significantly improved, or worsened by the situation that we have concerning the fiscal cliff, the fiscal deficit, and the debt of the country, three topics that can be addressed now on a comprehensive and efficient fashion. >> so what should this mean? i think i could interpret any given number, to think oh, that means we should not touch taxes for any bracts, because it's as much money as we could have in it, or this means that we need more stimulus to keep the jobs going, or i could look at the debt and say this means we need to cut spending, so what does it mean? what would you, and what globally, what would mean the most for the u.s. to do? >> you know what you said? you would qualify as an economist. on the one hand, on the other hand -- the truth of the matter is
than in the euro zone, for instance, debt, higher than many countries in the euro zone including spain, germany, france. yet, the united states of america is able to borrow at the lowest rate in pretty much it's recorded history. so you have a very, very diverse landscape at the moment, but certainly would that could be significantly improved, or worsened by the situation that we have concerning the fiscal cliff, the fiscal deficit, and the debt of the country, three topics that can be...
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Dec 28, 2012
12/12
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FBC
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interest rates are reasonable in spain, italy, and great britain. ashley: corporate earnings, signs of weakness in the last earnings season. concernedded about that? >> i think that it's cyclical. i think there's been little signs. i think we have to get employment together in the united states. housing is starting to come back. we're -- slowly, but in the north east in particular, there's more demand, and there's less housing inventory, but in the rest of the country, we have to wait and see on that. employment is really, really the key thing, and so what comes out of all the negotiations and how we employee people, infrastructure, and all of that makes a difference. ashley: companies hunkering down, a lot of cash, but not doing in until washington gets the act together. >> means technology, for example, could be a big sector. if companies get signals from washington and go out and invest into hiring people, putting technology online, it could be great, but we're just waiting and waiting and waiting, which is why it's a cliff hanger. ashley: cliff
interest rates are reasonable in spain, italy, and great britain. ashley: corporate earnings, signs of weakness in the last earnings season. concernedded about that? >> i think that it's cyclical. i think there's been little signs. i think we have to get employment together in the united states. housing is starting to come back. we're -- slowly, but in the north east in particular, there's more demand, and there's less housing inventory, but in the rest of the country, we have to wait and...
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Dec 24, 2012
12/12
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WUSA
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. >>> it's been a difficult year in spain. one in four people there out of work, but it's ending with some christmas cheer. nearly 2,000 people hit the jackpot in the world's richest lottery. the story of el gordo is next on "cbs this morning." and it feels like your life revolves around your symptoms, ask your gastroenterologist about humira adalimumab. humira has been proven to work for adults who have tried other medications but still experience the symptoms of moderate to severe crohn's disease. in clinical studies, the majority of patients on humira saw significant symptom relief, and many achieved remission. humira can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal events, such as infections, lymphoma, or other types of cancer, have happened. blood, liver and nervous system problems, serious allergic reactions, and new or worsening heart failure have occurred. before starting humira, your doctor should test you for tb. ask your doctor if you live in or have been to a region where
. >>> it's been a difficult year in spain. one in four people there out of work, but it's ending with some christmas cheer. nearly 2,000 people hit the jackpot in the world's richest lottery. the story of el gordo is next on "cbs this morning." and it feels like your life revolves around your symptoms, ask your gastroenterologist about humira adalimumab. humira has been proven to work for adults who have tried other medications but still experience the symptoms of moderate to...
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Dec 31, 2012
12/12
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CNBC
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among those closed include spain and germany. we're start with asia. shanghai composite is the outperformer. you saw up 1.6% there. here is a list of the markets closed across europe. germany, switzerland, germany and austria. for the bourses that are open, we can take a look at performance this morning and then we'll take a look over at the bond wall. the ftse 100 is down about .4%. ibex down .5%. not a clear picture. definitely mixed trade as people look to close out the year. the bond wall gives the sense for what kind of wall dominates. we're seeing bond yields move higher. investors are exiting the asset class today. italy around the 4.5% level. we've seen these predominant for several weeks and likely a quick check on forrus. the yen, an important one to keep an eye on, as well. dollar/yen firmer, continuing the patterns that we've seen over the last couple of trading sessions. for more on what to expect from markets today, we're joined by chris meyer, managing director and chief strategist from loop capital markets. chris, good morning. we wake
among those closed include spain and germany. we're start with asia. shanghai composite is the outperformer. you saw up 1.6% there. here is a list of the markets closed across europe. germany, switzerland, germany and austria. for the bourses that are open, we can take a look at performance this morning and then we'll take a look over at the bond wall. the ftse 100 is down about .4%. ibex down .5%. not a clear picture. definitely mixed trade as people look to close out the year. the bond wall...
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Dec 3, 2012
12/12
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MSNBCW
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not so positive in spain. these countries were deeply committed to your position. no tax increases. >> those states were bankrupted by their overspending. >> no one wanted to pay for it. >> the modern republican party wants less taxes and lower spending. they passed a ryan plan which reforms entitlements, reforms taxes, doesn't raise taxes. it's the democrats who don't have a legislative budget. >> make the case for why you view this the president making a truly balanced approach to not just solving this problem but really moving the economy forward. >> well, he has. and first of all, let's be clear. the way you get massive tax increases, $5 trillion tax increases, is if you go over the fiscal cliff. what the president has said, let's just ask higher income individuals to contribute a little more to reduce our deficit to prevent that from happening. the president has taken a balanced approach. look, we already entered into $1 trillion in cuts which we'll have to enforce and implement over the next 10 years, including, by the way, cuts in defense. you mentioned defe
not so positive in spain. these countries were deeply committed to your position. no tax increases. >> those states were bankrupted by their overspending. >> no one wanted to pay for it. >> the modern republican party wants less taxes and lower spending. they passed a ryan plan which reforms entitlements, reforms taxes, doesn't raise taxes. it's the democrats who don't have a legislative budget. >> make the case for why you view this the president making a truly balanced...
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Dec 10, 2012
12/12
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CNBC
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we did see ten-year bond yields rise in italy and also in spain, because people tend to think of spain and italy together. so, there is a contagion factor here, as well. so -- >> walk us through the trade that you got. >> sure, so, i'd like to short the euro, but not against the dollar, because i think the dollar will stay weak until the fed meeting. i'm going to short it against the yen. i enter at 106.50, the current level it's trading. a target down at 104 and my stop is up at 107.50. >> all right, amelia, thank you. see you on friday. >> thank you. >>> let's check in with jane, see what's she's looking at next. jane? >> next, melissa, you have to ask yourself, how much do you love starbucks? do you really love it? and also, who should play john mcafee? preferably, someone who is living. we'll have some ideas when we come back. let's give thanks - for an idea. a grand idea called america. the idea that if you work hard, if you have a dream, if you work with your neighbors... you can do most anything. this led to other ideas like liberty and rock 'n' roll. to free markets, free enter
we did see ten-year bond yields rise in italy and also in spain, because people tend to think of spain and italy together. so, there is a contagion factor here, as well. so -- >> walk us through the trade that you got. >> sure, so, i'd like to short the euro, but not against the dollar, because i think the dollar will stay weak until the fed meeting. i'm going to short it against the yen. i enter at 106.50, the current level it's trading. a target down at 104 and my stop is up at...
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Dec 1, 2012
12/12
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. >> put us on a very slippery slope towards the plight of greece and spain and others who basically don't have that check. this whole notion of unlimited credit card is just pure poppycock and it's something that only can be dreamed of as a fiscally responsible thing in washington, d.c. >> but, you know, you still have a process and procedure in terms of the budget where the president proposes a budget and congress is playing a much more significant role in that process. when the time at which the idea of, you know, approving the debt ceiling was when congress was playing less of a role in the budget process. congress is far more engaged in that process. so, i don't think this is about going the way of greece or spain as much as it is, you know, people like to hold on to as much power as long as they think they can. >> karen -- >> ken, take a listen to what tom cole said earlier this week on taxes. take a listen to this. >> in my view we all agree that we are not going to raise taxes on people who make less than $250,000. we should take them out of this discussion right now. >> did
. >> put us on a very slippery slope towards the plight of greece and spain and others who basically don't have that check. this whole notion of unlimited credit card is just pure poppycock and it's something that only can be dreamed of as a fiscally responsible thing in washington, d.c. >> but, you know, you still have a process and procedure in terms of the budget where the president proposes a budget and congress is playing a much more significant role in that process. when the...
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Dec 20, 2012
12/12
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it's still going to be quite potent there in places like spain. but overall, as the western economies, it's likely to be a lesser force than it has been in the last couple of years. we also then have to consider what i'd call the tailwinds. most obvious about those is the monetary stimulus. we just had the news out today from the bank of japan. it's looking to get its purchases up to 101 trillion yep by tend of next year, up from 67 trillion yen at the moment. that's a vast expansion as we share with japanese gdp going from 14% to 21% from the end of this year t to end of next year. as well, we think the fed will be very aggressive by 85 billion dollars of securities a month until june and then it will fade out to substantial pace a month. so there's quite a lot of monetary stimulus coming there from the fed and the bank of japan particularly. that should be a positive environment for financial assets. financial assets, as well, being helped by the governance and the structural economic reform that are emerging by the way europe is taking more ste
it's still going to be quite potent there in places like spain. but overall, as the western economies, it's likely to be a lesser force than it has been in the last couple of years. we also then have to consider what i'd call the tailwinds. most obvious about those is the monetary stimulus. we just had the news out today from the bank of japan. it's looking to get its purchases up to 101 trillion yep by tend of next year, up from 67 trillion yen at the moment. that's a vast expansion as we...
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Dec 31, 2012
12/12
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KPIX
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some of the most amazing sparkling wines and values come from spain and it's only $9. it's made like a champagne but doesn't cost lime one. >> how much is that? >> it's $12. it's absolutely a party in a bottle. >> if you go to italy, whether you're in rome or venice you'll see literally everybody on new year's eve walking around with it. this is a very good one. >> and then a sparkling wine from australia. >> it's unusual. >> yeah. i've never heard of that. >> people think of australia gives us chardonnay and others. this is jacob's creek. ice made exactly like a champagne, chardonnay and pino pino noir two of the grapes that go in champagne. but it's really remarkable. >> this is champagne? >> it's right next door to champagne. in france when they make wine in a sparkling wine type style, you can get this from burgundy. this one is made from pinot noir and chardonnay. it's aged like a champagne but doesn't cost like a champagne. this is only $17 an hour. this is my personal favorite. this is very famous. they're famous for cristol. this is their california version. im
some of the most amazing sparkling wines and values come from spain and it's only $9. it's made like a champagne but doesn't cost lime one. >> how much is that? >> it's $12. it's absolutely a party in a bottle. >> if you go to italy, whether you're in rome or venice you'll see literally everybody on new year's eve walking around with it. this is a very good one. >> and then a sparkling wine from australia. >> it's unusual. >> yeah. i've never heard of that....
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Dec 24, 2012
12/12
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KPIX
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it's been a rough year in spain with 25% unemployment. spaniards are celebrating this morning with a lot of extra cash in their pockets. they won it in the lottery called el gordo. translation, the fast one. the numbers tumbled in a couple of machines that looked somewhat like a rocket ship and there was magic for those looking for an extra christmas present. it will help us to breathe a bit so our advances improve. and lady luck hat a sweet sound. school kids sitting out the winning numbers and millions waiting to see if they would share in the $3.3 billion in prisons. unlike lotsries in the u.s. where they get a big jackpot. el gordo is spread among thousands, good for a country where many hunt for foot in the garbage. so the champagne flowed across the country. the biggest winners walked away with up to half a million dollar. this unemployed electrician had to borougherow money from his girlfriend girlfriend's father to pay for a ticket and won $2,500. it's to be for the house. i don't know what to say. so much happiness. >> many pulle
it's been a rough year in spain with 25% unemployment. spaniards are celebrating this morning with a lot of extra cash in their pockets. they won it in the lottery called el gordo. translation, the fast one. the numbers tumbled in a couple of machines that looked somewhat like a rocket ship and there was magic for those looking for an extra christmas present. it will help us to breathe a bit so our advances improve. and lady luck hat a sweet sound. school kids sitting out the winning numbers...
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Dec 29, 2012
12/12
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WRC
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a town in southeast spain is cleaning up after revelers battled it out with flour, eggs, and -- wait for it -- firecrackers. the annual flour/egg/firecracker fight takes place on december 28 and celebrates spain's equivalent of april fool's day. to recap, that is flour, eggs, and firecrackers. jud . >> do they combine? >> yeah, like bisquick a la requirecrackers. >> some story meetings -- >> maybe next year. >> maybe. we'll see. >> thanks. >>> dylan dreyer has a check of the national forecast. good morning. >> good morning to you guys. yeah, talking about snow in the northeast. rain in the southeast. and right smack dab in the middle of the country, >>> snow will continue coming east. expect your snow chance prior to noon today. after that, it's rain. all the precipitation ending about 3:00 today. take a look because some folks are saying, where's the snow? it's west of us now between now and 9:00. that line will come to the east. we will be getting some snowfall in here, but only for about three or four hours. amounts pretty light. an inch, maybe just over that in montgomery county.
a town in southeast spain is cleaning up after revelers battled it out with flour, eggs, and -- wait for it -- firecrackers. the annual flour/egg/firecracker fight takes place on december 28 and celebrates spain's equivalent of april fool's day. to recap, that is flour, eggs, and firecrackers. jud . >> do they combine? >> yeah, like bisquick a la requirecrackers. >> some story meetings -- >> maybe next year. >> maybe. we'll see. >> thanks. >>> dylan...
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Dec 15, 2012
12/12
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CNBC
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to pay its bills we know there may come a time when we have to do something along the lines of what spain did or ireland or greece, cut back our social programs dramatically. we'll have to do what the rest of europe will do over time, which is accept a lower standard of living forever everybody which is why the longer-term plan is so vital, not the short-term craziness. because everybody knows he we can't keep providing americans with the current level of services unless we raise taxes in a big way on everyone and cut spending somehow. even the democrats are unwilling to consider that kind of tax cut. that's why long-term spending cuts are so important. they figure into the job creation of the next 25 to 30 years, and the ability of people to stay out of poverty longer term. in the meantime, you can't get the growth needed for government receipts to go higher even in the near term. put simply, if you got someone from honeywell or eaton or celgene in the rule, explain the impact. the imperative would be to get this fiscal cliff done before vacation. hey, listen, yes, no vacation without le
to pay its bills we know there may come a time when we have to do something along the lines of what spain did or ireland or greece, cut back our social programs dramatically. we'll have to do what the rest of europe will do over time, which is accept a lower standard of living forever everybody which is why the longer-term plan is so vital, not the short-term craziness. because everybody knows he we can't keep providing americans with the current level of services unless we raise taxes in a big...